A Notice of Default starts a clock, but in California that clock runs for months, there are ways it can be extended, and your equity gives you real choices. See what your default means in dollars and dates, right here, in under a minute.
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Home value minus what you owe. This is your money on the table.
After roughly 7% in selling and closing costs, paid at closing.
Investors commonly offer around 80% of value. That gap is why your phone keeps ringing.
Add your Notice of Default date above to see your three key dates.
Estimates based on California's non-judicial foreclosure timeline: a Notice of Sale may not record until three months after the Notice of Default, a sale may not occur until at least 20 days after that, and you generally keep the right to reinstate the loan until five business days before the sale. Servicers often move slower than the minimum. Confirm every date with your loan servicer or an attorney. Equity figures are estimates, not an appraisal or a promise of net proceeds.
Since January 2025, California law has given homeowners with a scheduled trustee sale a way to buy more time by selling. If the home is listed with a licensed broker and the listing agreement reaches the trustee at least five business days before the sale date, the sale is generally postponed by at least 45 days. If a signed purchase agreement follows, more time may be available to close.
The home has to be genuinely listed for sale, on the MLS, with a real listing agreement.
The trustee has to receive it at least five business days before the scheduled sale date. Late is the same as never.
Time to market the home properly instead of taking the first discounted offer that calls.
This applies only once a sale date has been set, each postponement can generally be used only one time, and the delivery requirements are strict. Whether it fits your situation depends on your specific dates and paperwork, so confirm with your loan servicer, the trustee, or an attorney. This is general information, not legal advice.
Worth knowing: this is the one option that requires a licensed agent to put in motion. Nobody calling with a cash offer can do it for you. If you want to know whether your dates still leave room for it, call or text me at 562.230.7086.
I pull your home's value from the same MLS closed sales an appraiser uses, lay it against your loan, and send you one page showing exactly what each path leaves in your pocket, plus who to call for each one. No fees. Nothing is listed or sold unless you decide that is right for you.
I am pulling your numbers now and will call from 562.230.7086 to confirm the address and walk you through what I find. After hours, you will hear from me first thing in the morning.
